#wct 📝 In-Depth Look at WalletConnect Token (WCT)

What is WCT?

WCT is the native ERC‑20 utility and governance token of the WalletConnect Network, a decentralized protocol that securely connects wallets with dApps across multiple chains (Ethereum, Solana, Optimism, Cosmos, and more) .

Token Stats

Price: ~$0.315, up ~5–6% today

Market Cap: ~$58 M with 186 M WCT in circulation (Max supply: 1 B)

24h Volume: ~$60 M

All-Time High: ~$1.37 on May 31, 2025 (~77% off peak)

Utility & Use Cases

Governance: Vote on protocol upgrades, fee models, network parameters

Staking & Rewards: Stake on WalletConnect network or Launchpool; node operators earn based on performance

Fee Token: Set to power relay fees in the future, aligning value with network usage

Ecosystem & Growth

Powers 150–300 M+ monthly connections across 600+ wallets and 40–67k+ dApps

Listed on major exchanges: Binance (leading), Kraken, Coinbase (price-only), MEXC, OKX

Binance Launchpool & Solana airdrop (~5 M WCT) increased visibility and staking interest

Market Performance & Outlook

Price down ~70%+ from March peak; current rebound of ~5–8% in the last 24h

Long-term forecasts are bullish: 1.3–4× by 2030; in ideal conditions, could reach ~$3—10× growth

🔍 Why It Matters

Aspect Insight

Foundation Core to WalletConnect’s role as Web3’s connectivity backbone

Alignment Token utility tied to protocol usage and network decentralization

Backed by Binance Strong liquidity and visibility via listing & staking support

Ecosystem Expansion Multi-chain adoption (Solana airdrop, Ethereum, Optimism) strengthens its network effect

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⚠️ Risks & Considerations

Volatility: Down ~75% from ATH; speculative depending on Web3 adoption

Dependent on continued utility: fee functionality must deploy and be used

Market risk: broader crypto downturns could impact recovery